Wednesday, March 5, 2008provided by
© AP Photo
 |
Prince Alwaleed Bin Talal Alsaud
Saudi Arabia
$21.0 bil
- The most active and successful investor in the Middle East took his investment vehicle, Kingdom Holding, public on the Saudi stock exchange in July 2007.
- Kingdom Holding contains his investments in well-known companies such as Citigroup and News Corp., as well as Four Seasons Hotels and Fairmont Hotel management companies, among many others.
- The share price of Kingdom Holding does not fully reflect the 45% drop in stock price of Citigroup, his largest investment, in 2007.
- Alwaleed joined the Singapore government investment arm and several other investors in a $12.5 billion capital injection for Citigroup in January 2008; the size of his investment is undisclosed.
- In the early 1990s, Alwaleed made a risky bet on Citigroup that paid off hugely; in recent years it accounted for nearly half his fortune.
Previous | Next
Back to Top 20 List
Copyrighted, Forbes.com. All rights reserved.